Results 3,941-3,960 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: -----discount-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: ----- when it transferred to NAMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: The St. Patrick's Day massacre, did that cause you to change your views?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Did they react in the correct way from the bank's perspective to the CFD? Were they too slow to react? What would you have done if you had known earlier about the CFD purchases?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Sorry, I did not intend to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: ----- cause difficulties; it was a genuine question. Thank you, Mr. Browne, and thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: Thank you, Chairman, and welcome again, of course, to Mr. Chopra. On burden-sharing, the Deauville declaration is the obstacle currently, is it? That the two big countries don't want to revisit these issues; they might do it in the future.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: So is there scope for raising the burden sharing issue again at European level?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: In the evidence over the hearings here, Mr. Chopra, there were substantial skill deficits in banking, in bank auditing, bank regulation. How should those be addressed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: In the auditing of banks, how should that be changed to prevent a recurrence of what happened in Ireland?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: In your international experience, we examined here an interface between finance and construction, the two sectors at the core of our problem, where a house price went from two and a half times average income to about 12. Is the problem short-term finance for a long-term asset or how ... what kind of ratios would you expect in some of the other countries you've examined?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: Thank you very much, Mr. Chopra. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: Thank you, Chairman, and welcome to Mr. Buti and his colleagues back again. In the European Commission's ex post valuation of Ireland's bailout programme, it stated that the Irish banking sector has been relatively slow to return to profitability, and in the Commission's post-programme surveillance report of spring 2015, reference is made to the low amount of SME financing. In your...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: When you said we would break the financial and sovereign loop, does that mean that it's the end of "too big to fail" banks or also that no bank should fail, that they would be on their own in the future?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: Did the quality of risk-taking in banks decline when the model moved from depositor-saving finance to wholesale and then to emergency financing from the ECB and from central banks? Did you see a decline in the quality of lending and risk assessment by banks in that period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: I think we had some banks that had 8% of their lending to industry and agriculture and 88% to property. Would the Commission monitor and seek to rebalance that kind of lending, were it to ... pattern ... were that pattern to recur in the future?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: Yes. I welcome what you said because, while GDP is growing, the public perceives a massive transfer from them to the financial sector so they are actually still worse off even though GDP is welcome, it's increasing again, so measures to prevent those kind of transfers in the future from the Commission or national central banks, ECB, I think that's what the people want to come from an inquiry...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: Do we need protection against asset price bubbles? That's my final question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Sean Barrett: Right.